Weekly data bulletin · Series C — Earnings scorecard

Biggest Earnings Moves Last Week

According to ApexVol data as of 2026-07-17, AEHR delivered last week's biggest earnings reaction: +21.9% on its 2026-07-14 report, against a ±22.1% straddle breakeven going in. Across the 20 biggest movers the median absolute move was ±4.6%. Of the 20 reports with a quotable pre-earnings straddle, the actual move beat the straddle's breakeven on 10 and fell short on 10 — a split week. This scorecard refreshes every Monday.

Data as of 2026-07-17 Reports scored 20 Source ORATS + FMP Cadence Weekly · Mon
10
Moves short of breakeven — sellers won
10
Moves beat breakeven — buyers won
±4.6%
Median absolute move
20
Biggest movers ranked
Exhibit 01

Actual Move vs. What Options Priced

Last week's 20 biggest post-earnings reactions among liquid US names, each scored against the pre-earnings at-the-money straddle. A positive edge means the move beat the straddle buyer's breakeven; a negative edge means premium sellers kept the difference.

EX.01 Earnings straddle scorecard Jul 10 – 16, 2026
# Ticker Actual move Implied Edge Reported Hist avg IV rank now
01 AEHR +21.9% ±22.1% -0.2 2026-07-14 ±18.7% 89.0
02 ERIC -13.5% ±9.4% +4.1 2026-07-14 ±8.6% 80.0
03 ABT +10.7% ±5.0% +5.7 2026-07-16 ±4.7% 85.0
04 PGR -9.4% ±3.4% +6.0 2026-07-15 ±3.3% 73.0
05 GS +9.0% ±4.5% +4.5 2026-07-14 ±2.9% 87.0
06 ELV -8.5% ±5.9% +2.6 2026-07-15 ±4.5% 30.0
07 BLK +6.6% ±4.4% +2.2 2026-07-15 ±3.5% 58.0
08 C -5.3% ±4.2% +1.0 2026-07-14 ±3.1% 65.0
09 BNY +5.1% ±3.6% +1.5 2026-07-15 ±3.0% 85.0
10 PLD +4.6% ±3.7% +1.0 2026-07-16 ±3.5% 24.0
11 CFG +4.6% ±3.9% +0.7 2026-07-16 ±2.9% 34.0
12 CTAS +4.4% ±4.9% -0.5 2026-07-15 ±4.5% 90.0
13 GE -4.1% ±5.4% -1.4 2026-07-16 ±5.3% 69.0
14 FHN -3.0% ±3.7% -0.7 2026-07-15 ±3.1% 10.0
15 FAST -2.8% ±5.0% -2.2 2026-07-14 ±5.4% 65.0
16 WFC -2.7% ±4.9% -2.2 2026-07-14 ±4.3% 50.0
17 JNJ -2.7% ±3.4% -0.7 2026-07-15 ±1.9% 90.0
18 JPM +2.5% ±3.4% -0.9 2026-07-14 ±2.5% 51.0
19 TSM -2.3% ±4.1% -1.8 2026-07-16 ±3.9% 100.0
20 ASML +2.2% ±7.2% -4.9 2026-07-15 ±5.7% 98.0
Note — Implied = the pre-earnings ATM straddle cost as % of stock price (the buyer's approximate breakeven). Edge = |actual| − implied, in percentage points; intrinsic-only, so it slightly understates buyer results. Bars scale each move against the week's largest. Source: ORATS + FMP, as of 2026-07-17.
Exhibit notes

Methodology

Moves & straddles
ORATS earnings history
Report dates
FMP earnings calendar
Universe
1149 liquid optionable names
Cadence
Mondays, pre-open

Actual moves and pre-earnings straddle costs come from ORATS per-ticker earnings history; who reported comes from the FMP earnings calendar. Universe: liquid optionable US names (price above $5, 20-day average options volume of at least 1,000 contracts), ranked by absolute post-earnings move. The implied column is the ATM straddle spanning the report, priced immediately before it, expressed as % of stock price — the option market's charged-for move and the straddle buyer's approximate breakeven. The edge column compares the realized move against that breakeven on an intrinsic-value basis, which is conservative for buyers (residual time value is ignored). See IV crush for why the seller side wins more often than not, and the straddle calculator to price one live.

AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-07-17. How we research →
Citation

Cite This Data

ApexVol Research. “Biggest Earnings Moves Last Week — Straddle Scorecard (Jul 10 – 16, 2026).” ApexVol, 2026-07-17. https://apexvol.com/reports/biggest-earnings-moves-last-week
Free to cite with attribution · page refreshes weekly — cite the week label for reproducibility
FAQ

Frequently Asked Questions

As of 2026-07-17, the biggest post-earnings reactions of Jul 10 – 16, 2026 were AEHR, ERIC, ABT. The full scorecard — actual move versus the pre-earnings straddle breakeven — refreshes every Monday.
For each reporter, the implied column is the pre-earnings at-the-money straddle cost as a percentage of the stock price — the move the options market charged for, and the straddle buyer's approximate breakeven. The actual column is the stock's move on the report. The edge is the absolute actual move minus the implied: positive means the move beat the breakeven (buyer's print), negative means it fell short (seller's print). The edge counts intrinsic value only, which slightly understates buyer results.
More often than not, no — options tend to price earnings risk at or above what materializes, which is why systematically buying straddles into earnings loses money in most studies and why IV crush hits long options immediately after the print. But the distribution has a fat tail: the minority of prints that blow through the straddle can be very large, which is exactly what this weekly scorecard tracks.
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